The Russian Railways has initiated talks with the Indian Railways to take a lead in forming a consortium (an operating company) that would offer container transportation service between Russia, Iran and India through a rail-cum-sea link.

Even those who support New Delhi's efforts to expand cooperation with the US are worried about the perceived readiness to accept American prescriptions on relations with Pakistan.

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India, Israel hold talks on maritime pactIndia and Israel have agreed to explore areas of cooperation in road safety programmes and the Maritime Agreement will be expedited with the finalisation of the Model Shipping Agreement by July this year.

Natural gas export: Yangon chooses ChinaIn a setback to India's attempts to enter into energy tie-ups with its neighbours to achieve total energy security, Myanmar has turned down a proposal to export gas to India, and instead, decided to business with China.

India warns Pak of pulling outIndia has threatened to walk out of the $7 bn Iran-Pakistan-India gas pipeline project if Islamabad did not bring down the fee it wants to charge for allowing flow of natural gas from Iran to India.

Industry responsible for rehabilitationFacing an image crisis over forcible land acquisition for industrial projects the government amended the rules of Special Economic Zone to ask industry to provide for rehabilitation of displaced persons.

Uzbek, tribal militants clashFierce fighting has raged between tribal and foreign militants in South Waziristan in Pakistan's Federally Administered Tribal Areas killing more than 100 people.

LTTE attacks army campsAt least 12 persons, four soldiers and eight Tamil Tiger cadres, were killed as the LTTE attacked four army camps and checkposts in the Batticaloa district.

24 killed in Nepal clashTwentyfour persons have died in a clash between cadres of the Communist Party of Nepal(Maoist) and the Madhesi People's Rights Forum (MPRF).

`India leads global offshore market'India continues to be best global offshore destination for software offshore services while China is a close second, Sri Lanka and Pakistan are emerging as alternative destinations in Asia.

Indian IT biggies losing out to MNCsIndian IT majors are far behind their MNC counterparts when it comes to striking big deals in the domestic arena, primarily because they currently do not offer a suite of services.

German team looking for tie-ups with SMEs A 19-member business delegation from North Rhine Westphalia in Germany scouting for investment opportunities and at possible joint ventures with small and medium-sized businesses.

TN signs pact with Irish co for power plant, coal portThe
Tamil Nadu Government and the Ireland-based McNamara International
Pvt Ltd have entered into an agreement that provides for McNamara
International to set up a 2,000-MW power plant and a coal-handling
port in Nagapattinam district.

RIL, Rohm and Haas sign MoU for acrylic unitReliance Industries (RIL) and Rohm and Haas Company have signed a memorandum of understanding (MOU) to explore the joint construction of a world-scale acrylic-monomer complex in Jamnagar, India.

ADB OKs infrastructure support loan for India The Asian Development Bank said on Thursday it has approved a $50 million loan to India's Infrastructure Development Finance Company Ltd to support the country's huge development needs.

Tatas eyeing Deutsche Telekom's German IT unitIn line with its strategy of global expansion through acquisitions, corporate giant Tatas are reported to be in advanced stages of talks for buying the IT business unit of German telecom giant Deutsche Telekom.